212K shares changed hands in the last trading session. Shares saw a steep increase in trading volume of 279.10% over the normal average daily volume. Traders are a little more bearish on the company as implied by the motion in short interest. The company had a rise in short interest of 242.66% as of May 31, 2017 from the last reporting period. Short interest increased 260,290 over that period.
The following firms have also recently changed their position in CCIH. Investor Ab cut its holdings by shedding 216,935 shares a decrease of 7.2% from 12/31/2016 to 03/31/2017. Investor Ab claims 2,800,492 shares valued at $4,369,000. The total value of its holdings decreased 43.4%. Elco Management Co., LLC grew its investment by buying 10,000 shares an increase of 9.5% in the quarter. Elco Management Co., LLC now controls 115,083 shares with a value of $180,000. The value of the position overall is down by 33.1%.
As of quarter end Susquehanna International Group, Llp had sold 541,102 shares trimming its holdings by 87.2%. The value of the investment in (CCIH) went from $1,588,000 to $123,000 a change of 92.3% since the last quarter. As of the end of the quarter Oppenheimer & Co Inc had acquired a total of 1,392 shares growing its position 2.4%. The value in dollars decreased from $148,000 to $92,000 decreasing 37.8% quarter over quarter.
Rosenblatt added the stock to its research portfolio by announcing an initial rating of “Buy”.
In the market the company is trading down from yesterday’s close of $1.
ChinaCache International Holdings Ltd. (ChinaCache), launched on June 29, 2005, is a holding Company. The Company provides a portfolio of services and solutions to businesses, government agencies and other enterprises to manage the scalability of their online services and applications. The Business’s across the nation service platform, which consists of its network, servers and software, is designed to handle planned and unplanned peaks without upfront and ongoing capital outlay and other investments on the part of its customers. It provides a portfolio of content and application delivery total solutions and solutions tailored to its customers’ needs. It provides various services that are offered on a standalone basis or combined as part of its integrated solutions, such as Web Page Content Services, File Transfer Services, Rich Media Streaming Services, Guaranteed Application Services, Managed Internet Data Services, ChinaCache Cloud Services, Content Bridging Services, Internet Exchange and Data Center Services, Mobile Internet Solutions, Value-added Services, Cloud Infrastructure Development and Customer-tailored Integrated Solutions..Advertisement